Norges Bank bought a new stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 114,738 shares of the technology company's stock, valued at approximately $3,649,000. Norges Bank owned approximately 0.38% of HealthStream as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Quarry LP acquired a new position in shares of HealthStream in the 3rd quarter valued at about $27,000. Lee Danner & Bass Inc. acquired a new position in HealthStream in the fourth quarter valued at approximately $183,000. Vestcor Inc grew its holdings in shares of HealthStream by 35.1% during the third quarter. Vestcor Inc now owns 7,494 shares of the technology company's stock valued at $216,000 after purchasing an additional 1,946 shares during the last quarter. Centiva Capital LP bought a new stake in shares of HealthStream in the 3rd quarter worth approximately $260,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in HealthStream during the 3rd quarter valued at approximately $260,000. Institutional investors own 69.58% of the company's stock.
HealthStream Stock Performance
Shares of NASDAQ:HSTM traded down $0.09 during mid-day trading on Wednesday, hitting $32.62. The stock had a trading volume of 8,186 shares, compared to its average volume of 133,159. The company's 50 day moving average is $32.38 and its 200-day moving average is $31.65. HealthStream, Inc. has a 12-month low of $23.92 and a 12-month high of $34.24. The company has a market cap of $995.57 million, a PE ratio of 50.18, a P/E/G ratio of 4.37 and a beta of 0.42.
HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The firm had revenue of $74.24 million for the quarter, compared to analyst estimates of $73.55 million. During the same period in the previous year, the firm earned $0.14 earnings per share. On average, equities research analysts predict that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.
HealthStream Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.031 per share. This represents a $0.12 annualized dividend and a yield of 0.38%. The ex-dividend date was Monday, March 10th. This is a positive change from HealthStream's previous quarterly dividend of $0.03. HealthStream's dividend payout ratio (DPR) is presently 18.18%.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. William Blair restated an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Canaccord Genuity Group upped their target price on shares of HealthStream from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Wednesday, February 26th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of HealthStream in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, HealthStream has a consensus rating of "Moderate Buy" and an average price target of $32.00.
View Our Latest Stock Analysis on HSTM
HealthStream Company Profile
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Free Report)
HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.
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